InterviewSolution
Saved Bookmarks
InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your Class 11 knowledge and support exam preparation. Choose a topic below to get started.
| 2351. |
Define giffin goods? |
| Answer» Goods which doesn\'t follow the rules of demand is called giffen goods. It\'s demand was not affected when the price of the commodity will increased or decreased<br>Giffen goods are special kind of goods on which the consumers spends most of his income and their demand rises with an inrease in price and demand falls with decrease in price level. For example when the prices of jowar, bajra reduces, then the consumer tends to consumer less of those items and consume superiror goods such as wheat and rice. | |
| 2352. |
What are central problem in economics |
| Answer» There are 3 types central problems in economics :1. What to produce 2. How to produced 3.For whom to produce. | |
| 2353. |
Define consumer equilibrium in case of one and two commodity with the help of diagram. |
| Answer» | |
| 2354. |
Statistical tools and interpretation |
| Answer» | |
| 2355. |
What do you mean by budget set |
| Answer» The group of budget line. | |
| 2356. |
When p. p is convex to origin? |
| Answer» M. R. T falls( 100% fake situation). | |
| 2357. |
P. P curve as straight line? |
| Answer» MRT constant _ when all resources are equally efficient. (which is not practically possible). | |
| 2358. |
Why p. p curve is concave to origin? |
| Answer» This is because of assumptions all resources are not equally efficient in production of both the goods. Therefore MRT will increases with increasing rate and p. p curve becomes concave.<br>PPC is concave to the origin because of increasing Marginal opportunity cost. This is because inorder to increase the production of one good by 1 unit more and more units of the other good have to be sacrificed since the resources are limited and are not equally efficient in the production of both the goods.\xa0 | |
| 2359. |
Notes of chapter census and sample method |
| Answer» | |
| 2360. |
What is inclusive series |
| Answer» An inclusive series is that series which includes all items upto its upper limt. | |
| 2361. |
Discuss the main forms of a table |
| Answer» | |
| 2362. |
Effect of ppc on gst of india at long run period and short run period with diagram |
| Answer» | |
| 2363. |
What is differnece between random and non random sampling? |
| Answer» | |
| 2364. |
Importance of statstics? |
| Answer» | |
| 2365. |
Statistics is an integral part of economics explain |
| Answer» | |
| 2366. |
Ppc objarvation |
| Answer» | |
| 2367. |
Utility |
| Answer» Utility is the want satisfying power of a commodity.anything which satifies human wants is termed as utility. | |
| 2368. |
Plz tell how to add a photo in our answer |
| Answer» Btao plz | |
| 2369. |
Centrel probolems with ppc |
| Answer» | |
| 2370. |
Histogram |
| Answer» | |
| 2371. |
explain the cause of law of diminishing returns to a factor |
| Answer» he law of diminishing returns applies because certain factors of production are kept fixed. All factors of production, land, labour, capital or enterprise cannot be increased every time.<br>Plz tell how you have added this graph pic | |
| 2372. |
Suggests a YouTube channel for economic who end the chapters in one lecturer |
| Answer» | |
| 2373. |
State the properties of indifference curves |
| Answer» Following are the properties of an indifference curve\tIndifference curves are always convex to the origin: Due to decreasing MRS, MRS declines continuously because of\xa0the law of diminishing marginal utility.\tIndifference curves never touch or intersect each other: Each indifference curve shows a different level of satisfaction. Intersection point shows the same satisfaction level which is not possible.\tA higher indifference curve represents a higher level of satisfaction:\xa0Due to monotonic preferences, higher indifference curve\xa0shows bundles having more of one commodity and not less of other good in comparison of la ower indifference curve.\tIndifference curve slope downwards:\xa0It implies that as a consumer consumes more of one good, he must consume less of the other good. | |
| 2374. |
Show that market demand is a horizontal submission of individual demand curve |
| Answer» Market demand curve is derived as a horizontal summation of individual demand curves.<br>Where is the answer..? You copied the question only | |
| 2375. |
Distinguish between individual demand and market demand with the help of diagram. |
| Answer» Individual demand refers to the quantity of a good that a consumer demands at a particular price in a given period of time.\tIndividual Demand Schedule\tPrice of Ice-cream (Rs)Quantity demanded (units) by (A)\xa014233241\tMarket demand is the sum of different individuals demand at different price level at a particular period of time\tMarket Demand Schedule\tPrice of Ice-cream (Rs)A\'s DemandB\'s DemandMarket demand (A+B)1454 + 5 = 92343 + 4 = 73232 + 3 = 54121 + 2 = 3\t | |
| 2376. |
Change in quantity demanded and law of demand both are the same things. Explain? |
| Answer» Change in quantity demanded and law of demand are different :Differences between change in demand and change in quantity demanded are\tBasisChange in DemandChange in quantity DemandedReasonIt is caused by a change in prices of substitutes,change in prices of complementary goods,change in income, etc. other than the own price of the commodity.It is caused by an increase or decrease in the price of the given commodity, keeping other factors constant.Impact on demand curveIt leads to a shift in the demand curve either rightwards (known as increase in demand)or leftwards(known as decrease in demand).It leads to a movement along the same demand curve either upwards(known as contraction in demand)or downwards(known as expansion in demand)Diagrammatic PresentationDiagrammatically, this is shown as a forward or backward shift in demand curve.Diagrammatically, this is shown as a downward or an upward movement on the same demand curve.\t\xa0 | |
| 2377. |
What is meant by resource? |
| Answer» Anything which is used to fulfil our needs is called resource | |
| 2378. |
What is datesheet of unittest for +1 arts |
| Answer» | |
| 2379. |
calculate mean by short cut method85605075554055704565 |
| Answer» | |
| 2380. |
What are the central problem of an economy |
| Answer» What to produce....how to produce.....for whom to produce<br>I.What to produce 2.How to produce 3.Fir whom to produce | |
| 2381. |
What is the difference b/w qualitative data & quantitative data? |
| Answer» | |
| 2382. |
What do understand by normative economic analysis |
| Answer» Normative economic analysis is based on opinions and suggestions. It includes value judgement.It is not verifiable for truth | |
| 2383. |
What is house hold?? |
| Answer» | |
| 2384. |
frictional unemployment❓ |
| Answer» Ok.<br>Thnx but I get that<br>It can be defined as unemployment that occur because of people moving or changing occupation.<br>I get my answer | |
| 2385. |
Define plan |
| Answer» | |
| 2386. |
Define a plan |
| Answer» | |
| 2387. |
Define leakage? |
| Answer» It refers to withdrawal from the circular flow of income. | |
| 2388. |
Define shut down point? |
| Answer» It is a situation where a firm is able to cover its variable cost only. | |
| 2389. |
Structure of ppc ...Guys help me |
| Answer» Concave to the origin. PPC concave to the origin because to increase the production of one good(x) producer sacrifice more and more of other good (y). | |
| 2390. |
What is agriculture sector |
| Answer» | |
| 2391. |
calculate mode size- frequency40 10 44 1248 1452 2056 1560 20 64 1868 1072 876 4 |
| Answer» | |
| 2392. |
Give one reason for right ward shifting of PPC |
| Answer» Increase in resources<br>Use of Modern Technology | |
| 2393. |
What changes can takes place in PPC when unemployment increases? |
| Answer» No change. The point remains inside the ppc<br>Shift rightwards | |
| 2394. |
Distinguish between direct personal investigation and indirect oral investigation |
| Answer» Direct personal investigation- Data is more reliable but it requires more time and money to conduct interview for a large no. of profit. Indirect oral investigation - Data is less reliable as we can physically see the responded when he is responding the question. | |
| 2395. |
Define fiscal measure?? |
| Answer» Yrrr dost hu kr do na<br>Nhi<br>Yrr tumhara no mere pass se delete ho gaya h plz mujhe unblock kr ke msg kro<br>Yrr tumne block kyu kiya tha whaysapp pr Me keshav yaduvanshi<br>Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation\'s economy. It is the sister strategy to monetary policy through which a central bank influences a nation\'s money supply. Jay mahakaal Whatsapp no 9675624741<br>Idiot... Kutti..<br>Who r u<br>R u mad<br>Hii......chhuttian kaisi Chal rhi h | |
| 2396. |
Why is commerce is, known as backbone of industry and other business activities |
| Answer» It is not true completely becoz commerce can\'t interconnect peoples to each other it is useful only in economic structure | |
| 2397. |
What is ppc about????? |
| Answer» | |
| 2398. |
What is the important implication of the one child norm in chaina ? |
| Answer» To reduce population growth | |
| 2399. |
Name two areas where Pakistan has performed better than India?? |
| Answer» | |
| 2400. |
Kya iss bar bhi full course aayega 11 class mein |
| Answer» Yes ??<br>Yess<br>Of course yes | |